Commonwealth Consolidated Acts

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 - SECT 20

             (1)  The Finance Minister may make a written determination that does all of the following:

                     (a)  establishes a Special Account;

                     (b)  allows or requires amounts to be credited to the Special Account;

                     (c)  specifies the purposes for which amounts are allowed or required to be debited from the Special Account.

Note:          See section 32A for when the crediting or debiting of an amount takes effect.

          (1A)  A determination under subsection (1) may specify that an amount may or must be debited from a Special Account established under subsection (1) otherwise than in relation to the making of a real or notional payment.

             (2)  The Finance Minister may make a determination that revokes or varies a determination made under subsection (1).

             (3)  The Finance Minister may make a determination that abolishes a Special Account established under subsection (1).

             (4)  The CRF is hereby appropriated for expenditure for the purposes of a Special Account established under subsection (1), up to the balance for the time being of the Special Account.

Note:          An Appropriation Act provides for amounts to be credited to a Special Account if any of the purposes of the Account is a purpose that is covered by an item in the Appropriation Act.

          (4A)  If the Finance Minister makes a determination that allows an amount standing to the credit of a Special Account to be expended in making payments for a particular purpose, then, unless the contrary intention appears, the amount may also be applied in making notional payments for that purpose.

Note:          This subsection applies to transactions that do not actually involve payments because the parties to the transaction are merely parts of the Commonwealth or acting as agents for the Commonwealth. For example, Agency 1 "pays" Agency 2 for services provided by Agency 2.

             (5)  Whenever an amount is debited against the appropriation in subsection (4), the amount is taken to be also debited from the Special Account.